Michael Saylor Resigns as Mikrostrategy CEO

Michael Saylor, founder and CEO of MicroStrategy, has resigned from his position at the company. The reason for this resignation was not disclosed, but the company announced massive losses both from Bitcoin and its normal balance sheet for the past quarter.

One of the most popular investors in the world and a staunch Bitcoin advocate. Michael Saylorresigned from his position as CEO of MicroStrategy. His resignation came as the company announced its second-quarter earnings. This was important because MicroStrategySaylor, which made .

Michael Saylor was a well-known name among cryptocurrency investors. Making statements about crypto money markets, Saylor recommendation from giving He hadn’t even escaped. Even making statements about Turkey, Saylor said that Turkey should buy Bitcoin and that this is the hope that will save the economy. had said. Saylor said that he should buy Bitcoin to Turkey in the next process. made statements. Now, this name has resigned from his position, just after MicroStrategy announced that it was making a loss.

Microstrategy’s loss in just 3 months is more than the value of all Bitcoins owned by the company

Founded and led by Michael Saylor, Microstrategy is today Around 130 thousand Bitcoins holding. The value of this asset is 1.988 billion dollars. According to the statements made by the company, Bitcoin originated cumulative loss is $1.989 billion. So the company’s loss is higher than the value of the Bitcoin held. By the way; net loss of the company 1.062 billion dollars Let me also point out that.

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The reason for Saylor’s resignation was not fully disclosed. However, this distinction is very important. not need to specify. Because Saylor will be the chairman of the board of the company in his next life. Phong Le will take the CEO seat. Le is the current chairman of Microstrategy. So two business people, task switching will make…

Source :
https://www.theverge.com/2022/8/2/23289397/michael-saylor-bitcoin-microstrategy-ceo-steps-down


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